Baldwin Insurance Group Inc
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
BWIN$32.18+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Stockholders’ Equity and Mezzanine Equity
| Stockholders' Equity · Mezzanine Equity | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock · Class B Common Stock · Additional Paid-in Capital · Accumulated Deficit · Stockholder Notes Receivable · Non-controlling Interest · Total · Redeemable Non-controlling Interest | ||||||||||
| (in thousands, except share data) · Shares · Amount · Shares · Amount | ||||||||||
| Balance at December 31, 2021 | 58,602,859 | $586 | 56,338,051 | $6 | $663,002 | $(54,992) | $(219) | $578,904 | $1,187,287 | $269 |
| Net income (loss) | — | — | — | — | — | (41,772) | — | (35,194) | (76,966) | 218 |
| Equity issued in business combinations | 226,338 | 2 | — | — | 2,525 | — | — | 2,282 | 4,809 | — |
| Share-based compensation, net of forfeitures | 777,037 | 8 | 29,430 | — | 30,658 | — | — | (2,100) | 28,566 | — |
| Redemption and cancellation of Class B common stock | 1,841,134 | 18 | (1,862,563) | (1) | 8,106 | — | — | (8,123) | — | — |
| Tax distributions to Baldwin Holdings' LLC Members | — | — | — | — | — | — | — | (4,321) | (4,321) | — |
| Repayment of stockholder notes receivable | — | — | — | — | — | — | 177 | — | 177 | — |
| Balance at December 31, 2022 | 61,447,368 | 614 | 54,504,918 | 5 | 704,291 | (96,764) | (42) | 531,448 | 1,139,552 | 487 |
| Net income (loss) | — | — | — | — | — | (90,141) | — | (74,170) | (164,311) | 292 |
| Share-based compensation, net of forfeitures | 676,512 | 7 | — | — | 23,685 | — | — | 19,995 | 43,687 | — |
| Redemption of Class B common stock | 2,082,424 | 21 | (2,082,424) | — | 19,975 | — | — | (19,996) | — | — |
| Cancellation of Class A common stock | (72,354) | (1) | — | — | (1,280) | — | — | 1,281 | — | — |
| Tax distributions to Baldwin Holdings' LLC Members | — | — | — | — | — | — | — | (482) | (482) | — |
| Repayment of stockholder notes receivable | — | — | — | — | — | — | 42 | — | 42 | — |
| Distributions to variable interest entities | — | — | — | — | — | — | — | — | — | (385) |
| Balance at December 31, 2023 | 64,133,950 | 641 | 52,422,494 | 5 | 746,671 | (186,905) | — | 458,076 | 1,018,488 | 394 |
| Net income (loss) | — | — | — | — | — | (24,518) | — | (16,886) | (41,404) | 323 |
| Share-based compensation, net of forfeitures | 975,661 | 10 | — | — | 23,926 | — | — | 18,400 | 42,336 | — |
| Redemption of Class B common stock | 2,869,808 | 29 | (2,869,808) | — | 23,357 | — | — | (23,386) | — | — |
| Tax distributions to Baldwin Holdings' LLC Members | — | — | — | — | — | — | — | (11,076) | (11,076) | — |
| Distributions to variable interest entities | — | — | — | — | — | — | — | — | — | (264) |
| Balance at December 31, 2024 | 67,979,419 | $680 | 49,552,686 | $5 | $793,954 | $(211,423) | $— | $425,128 | $1,008,344 | $453 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.